EigenLayer has announced the launch of its Season 2 Stakedrop, an initiative aimed at rewarding participants who have contributed to the network’s growth and security. The stakedrop recognizes stakers, operators, ecosystem partners, and early community members as the Eigen token approaches its unlock phase.
Reward Distribution Categories
The stakedrop covers three key categories of participants:
1. Stakers & Operators
Participants who actively staked ETH or EIGEN during Season 2 are eligible to receive rewards. Approximately 70 million EIGEN tokens (4.2% of the fully diluted value) have been allocated to this group. Claims are expected to open by September 17, 2024. Direct stakers can claim their tokens through the claims portal, while Liquid Staking Token (LRT) users will claim through their respective protocols.
The reward distribution is calculated on a pro-rata basis, determined by the total ETH-hours staked. There are no minimum thresholds to prevent Sybil attacks, a point previously addressed in an earlier blog post by EigenLayer.
Snapshot Date: August 15, 2024.
Stakers can calculate their rewards using the community-developed tool at s2calculator.eigenfoundation.org.
2. Ecosystem Partners
Ecosystem partners—including AVSs, LRTs, Rollups, and Rollup-as-a-Service (RaaS) providers—are also recognized for their contributions. A total of 10 million EIGEN tokens (0.6% FDV) has been allocated to this category.
Eligible partners can claim their tokens through the same claims portal starting on or before September 17, 2024.
EigenLayer is committed to treating all ecosystem partners equally, with each receiving the same amount of rewards as part of the platform’s strategy to foster collaboration across the network.
3. Community Contributors
For those in the community who contributed to EigenLayer’s growth, including developers, early advocates, and content creators, 6 million EIGEN tokens (0.35% FDV) have been set aside.
Contributors can verify their eligibility through the social verification link at verify.eigenfoundation.org, where they must link their social handles by September 11, 2024.
Snapshot Dates: April 1 or August 15, 2024, depending on the specific community category.
This allocation covers contributions ranging from open-source development to community engagement on platforms like Twitter, Discord, and Farcaster.
Programmatic Incentives and Long-Term Rewards
Following the stakedrop, EigenLayer plans to introduce a programmatic incentives program to ensure ongoing rewards for stakers and operators. The first version of this program will distribute weekly EIGEN emissions based on ETH, LST, or EIGEN staked to operators registered with Actively Validated Services (AVSs). Operators will receive 10% of the emissions allocated to their stakers, creating a sustainable long-term rewards model.
Additional updates are expected, including AVS reward boosts and other dynamic controls designed to adapt to ecosystem growth.
Next Steps for Participants
Those eligible for the stakedrop should ensure they have completed the necessary verification steps and are prepared to claim their rewards by September 17, 2024. For more details, participants are encouraged to explore EigenLayer’s documentation and the claims portal at claims.eigenfoundation.org.
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